Natixis Advisors LLC Purchases 7,068 Shares of The Chefs’ Warehouse, Inc. (NASDAQ:CHEF)

Natixis Advisors LLC grew its position in The Chefs’ Warehouse, Inc. (NASDAQ:CHEF) by 23.0% during the third quarter, HoldingsChannel.com reports. The firm owned 37,756 shares of the company’s stock after buying an additional 7,068 shares during the quarter. Natixis Advisors LLC’s holdings in Chefs’ Warehouse were worth $1,586,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the company. GAMMA Investing LLC raised its position in Chefs’ Warehouse by 39.6% in the 2nd quarter. GAMMA Investing LLC now owns 909 shares of the company’s stock valued at $36,000 after buying an additional 258 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in shares of Chefs’ Warehouse by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 17,800 shares of the company’s stock valued at $696,000 after purchasing an additional 300 shares during the last quarter. Verdence Capital Advisors LLC lifted its position in shares of Chefs’ Warehouse by 7.6% in the third quarter. Verdence Capital Advisors LLC now owns 6,772 shares of the company’s stock worth $284,000 after purchasing an additional 481 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in shares of Chefs’ Warehouse by 1,089.7% in the second quarter. Nisa Investment Advisors LLC now owns 690 shares of the company’s stock worth $27,000 after purchasing an additional 632 shares in the last quarter. Finally, New York State Teachers Retirement System lifted its position in shares of Chefs’ Warehouse by 1.6% in the third quarter. New York State Teachers Retirement System now owns 41,742 shares of the company’s stock worth $1,754,000 after purchasing an additional 640 shares in the last quarter. 91.55% of the stock is currently owned by institutional investors.

Insider Transactions at Chefs’ Warehouse

In other news, General Counsel Alexandros Aldous sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $45.00, for a total value of $225,000.00. Following the completion of the sale, the general counsel now directly owns 114,342 shares of the company’s stock, valued at $5,145,390. This trade represents a 4.19 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 12.90% of the stock is owned by company insiders.

Chefs’ Warehouse Stock Performance

NASDAQ CHEF opened at $44.95 on Tuesday. The firm has a market capitalization of $1.78 billion, a P/E ratio of 39.43 and a beta of 2.33. The company has a current ratio of 1.85, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39. The firm’s fifty day moving average price is $41.10 and its two-hundred day moving average price is $40.19. The Chefs’ Warehouse, Inc. has a 1 year low of $26.23 and a 1 year high of $45.53.

Wall Street Analyst Weigh In

CHEF has been the topic of several recent research reports. Jefferies Financial Group lifted their price target on shares of Chefs’ Warehouse from $51.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. BMO Capital Markets increased their price target on Chefs’ Warehouse from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Chefs’ Warehouse presently has an average rating of “Moderate Buy” and an average target price of $50.50.

Chefs’ Warehouse Profile

The Chefs’ Warehouse, Inc, together with its subsidiaries, distributes specialty food and center-of-the-plate products in the United States, the Middle East, and Canada. The company’s product portfolio includes specialty food products, such as artisan charcuterie, specialty cheeses, unique oils and vinegars, truffles, caviar, chocolate, and pastry products; and center-of-the-plate products consisting of custom cut beef, seafood, and hormone-free poultry, as well as broadline food products comprising cooking oils, butter, eggs, milk, and flour.